A Retailer Has a Return on Net Worth of 24

question 44

Multiple Choice

A retailer has a return on net worth of 24 percent.If its asset turnover is 3 and its profit margin is 4.0 percent,what is its financial leverage?

• A) 2 times
• B) 2 percent
• C) 4 times
• D) 4 percent

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Definitions:

Heart Rate

The number of times a person's heart beats per minute, indicating cardiovascular health and physical condition.

Respiratory Rate

The number of breaths taken per minute, an essential vital sign indicating the breathing efficiency of an individual.

Infant

A very young child, especially one newly or recently born, generally defined as being between birth and one year of age.

Cold Weather

A condition characterized by low ambient temperatures that can affect human comfort, health, and activities.